Global Education Communities Corp. (TSX:GEC)

TSX:GEC Balance Sheet

Financials in millions CAD. Fiscal year is September - August.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Cash & Equivalents	1.44	3.3	2.13	3.39	9.72	18.34
Cash & Short-Term Investments	1.44	3.3	2.13	3.39	9.72	18.34
Cash Growth	31.81%	54.74%	-37.15%	-65.12%	-46.97%	-20.37%
Accounts Receivable	11.83	0.91	8.32	9.38	8.92	11.82
Other Receivables	3.36	8.16	5.03	4.84	4.51	27.19
Receivables	22.94	20.76	17.16	17.96	17.17	47.1
Inventory	-	0.1	0.93	0.97	0.84	0.85
Prepaid Expenses	0.95	1.08	1.24	1.4	3.95	2.91
Restricted Cash	0.4	1.39	2.75	2.7	2.11	0.74
Total Current Assets	25.73	26.62	24.21	26.41	33.79	69.94
Property, Plant & Equipment	0.37	3.17	14.65	67.86	69.96	70.31
Long-Term Investments	27.86	28.16	-	-	-	-
Goodwill	-	-	-	5.52	5.52	5.52
Other Intangible Assets	-	0.02	11.51	6.59	7.53	7.2
Long-Term Deferred Tax Assets	3.48	3.23	3.83	3.59	2.23	1.02
Long-Term Deferred Charges	0.87	0.87	0.87	0.87	1.38	1.39
Other Long-Term Assets	311.98	307.54	420.15	386.85	357.33	363.66
Total Assets	378.04	377.36	475.21	497.68	477.73	519.04

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Accounts Payable	13.36	3.26	4.83	4.94	7.33	6.8
Accrued Expenses	-	3.88	3.3	3.54	3.97	4.19
Short-Term Debt	0.89	-	3.29	2	2.11	2.47
Current Portion of Long-Term Debt	54.77	52.59	80.8	118.07	180.8	154.54
Current Portion of Leases	4.82	4.71	5.27	2.88	4.19	3.89
Current Income Taxes Payable	0.18	0.18	0.49	0.45	0.27	0.18
Current Unearned Revenue	1.52	3.75	21.8	23.5	22.25	27.83
Other Current Liabilities	2.76	6.98	6.26	8.33	5.31	4.94
Total Current Liabilities	78.29	75.35	126.04	163.7	226.23	204.83
Long-Term Debt	132.76	130.62	166.97	149.81	67.76	87.36
Long-Term Leases	11.61	17.73	31.07	9.64	10.81	12.28
Long-Term Deferred Tax Liabilities	8.85	8.92	9.2	11.39	10.9	10.99
Total Liabilities	231.52	232.61	333.28	334.55	315.7	315.46

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Common Stock	45.35	45.37	44.97	45	45.57	46.57
Retained Earnings	-4.6	-5.27	-27.41	-28.51	-24.6	-2.84
Treasury Stock	-	-	-	-	-	-0.15
Comprehensive Income & Other	7.86	7.86	7.65	7.49	6.91	7.22
Total Common Equity	48.61	47.96	25.21	23.99	27.87	50.8
Minority Interest	97.91	96.79	116.72	139.15	134.16	152.79
Shareholders' Equity	146.52	144.74	141.93	163.14	162.03	203.58
Total Liabilities & Equity	378.04	377.36	475.21	497.68	477.73	519.04

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Total Debt	204.84	205.65	287.41	282.4	265.67	260.54
Net Cash (Debt)	-203.4	-202.35	-285.28	-279.01	-255.95	-242.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.96	-3.00	-4.23	-4.13	-3.73	-3.38
Filing Date Shares Outstanding	68.65	68.42	67.44	67.47	67.56	69.77
Total Common Shares Outstanding	68.65	68.64	67.44	67.47	67.73	69.77
Working Capital	-52.56	-48.73	-101.83	-137.3	-192.44	-134.89
Book Value Per Share	0.71	0.70	0.37	0.36	0.41	0.73
Tangible Book Value	48.61	47.93	13.7	11.88	14.83	38.08
Tangible Book Value Per Share	0.71	0.70	0.20	0.18	0.22	0.55
Land	-	-	-	56.88	56.88	56.88
Machinery	-	1.91	6.2	6	5.55	4.91
Leasehold Improvements	-	0.77	3.99	3.91	3.9	3.95

Data Source: S&P Global Market Intelligence Last updated: May 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

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